Indian umbrella organization that operates UPI and other national retail payment systems, setting rules and fees for digital transactions.
NPCI circular OC-238 recognises silent mobile verification for UPI device binding, but providers must pair it with SMS, Bureau says. Since SMS stays in the flow, we think the option adds a per-registration lookup to provider costs and retires none.
Reality
NPCI's new merchant discount rate caps at Rs 300 above Rs 75,000, exempts UPI AutoPay and charges fuel and utilities a flat Rs 5. Checkout cost in India now depends on category and funding instrument as much as on ticket size.
Reality
NPCI has put a price on India's larger UPI merchant payments from October 15, and by the Finance Ministry's own estimate the 0.4% charge touches only 4% of merchant transactions. Person-to-person transfers stay free.
Perspective Coverage
3 publishersReality
PhonePe's 11.19 billion August transactions and Google Pay's 7.91 billion still dominate UPI, but Navi supplied about a sixth of the month's new payments, and October's 0.4% merchant fee will pay by ticket size.
Reality
NPCI capped the merchant fee at ₹300, exempted anyone taking under ₹100,000 a month, and kept consumer payments free. The band that pricing owners have to model runs from ₹2,001 to ₹75,000, where the full 0.4% applies.
Reality
Three payment firms say they have started on a shared way to identify AI agents that pay. Each already ships a protocol covering part of the job. The authorization schema an agent builder would implement is still unwritten.
Reality
A dev.to roundup reads three agent papers around one design question: what a pending action still depends on at the moment it fires. The strongest number in it is 68 percent, and it belongs to somebody else's corruption test.
Reality